Today’s demanding market requires efficient procurement while maintaining a product's profitability and bringing it to customers "just in time."
Market windows are getting shorter, while traditional supply chain inefficiencies are staying the same.
We cannot influence changes in traditional supply chain management, however we can improve businesses’ procurement process while providing critical information to all participants.
FTI's system creates a vehicle to streamline data flow and empowers decision makers to adjust their strategies in real time.
- Costing and costing systems are related directly to the bill of material and they evolve as the product is developed.
- As the BOM gets updated, the system issues a related event to costing to update the cost for that particular product or component.
- The total cost gets updated in the system automatically and related users get a notification.